KBR, Inc., a global technology, engineering, procurement and construction company, has reported an increase in its Q1 2015 profit. Net income attributable to KBR was $44 million or $0.30 per diluted share in the first quarter of 2015 compared to a net loss of $43 million or a net loss of $0.29 per d
Oslo-listed, Subsea 7, has seen its profits rise for the first quarter (Q1) which ended on March 31, 2015 on improved operating income and foreign currency gains. The UK-based offshore engineering company, recorded net income of $151 million in the quarter, compared to $131 million in Q1 2014. Dilut
Oceanteam Shipping informed that its subsidiary RentOcean has successfully signed a EUR 15 million revolving term loan facility provided by NIBC Bank N.V. According to the company’s filing to Oslo Stock Exchange, the facility matures in 3 years after the facility start date. Proceeds of drawdowns un
Aker Solutions’ net income for the quarter fell to NOK 220 million ($28.7 million) from NOK 283 million ($37 million) in the same period last year. Earnings per share (EPS) fell to NOK 0.79 in the quarter from NOK 1.03 a year earlier. Earnings were impacted by costs of overcapacity in the maintenanc
Kongsberg Maritime has been selected to supply a complete Electrical, Instrument and Telecom solution, including E- house, for the new Yinson Production (West Africa) Pte Ltd FPSO, ‘Yinson Genesis’. According to the company, the contract is valued at approximately NOK 200 million ($26.2 million) and
Following an order in October 2013, MacGregor, part of Cargotec has delivered and commissioned 45 variable frequency drive (VFD) winches and a full control system for the recently completed heavy-lift crane barge Hyundai HLV-10000, one of the largest heavy lift vessels in the world. Hyundai Samho He
A new robot for deploying booms in the event of an oil spill has been introduced at the Port of Gothenburg. According to the Port of Gothenburg, this new technology is supposed to secure more rapid and safer oil spill clearance. Dan-Erik Andersson, Head of Operations at the Energy Port in Gothenburg
Kongsberg Oil & Gas Technologies and KBC Advanced Technologies have entered into a non-exclusive cooperation agreement to develop stronger simulation software integration and more effective engineering and operations workflows for the oil and gas marketplace. Kongsberg says that the objective is to
Statoil has awarded AF Gruppen (AFG) the framework agreement for the supply of HVAC Equipment (Heating, Ventilation and Air Conditioning) for Johan Sverdrup Field Centre, offshore Norway. The contract period is 5 years with the option for Statoil to extend the contract by up to two consecutive perio
APT Global has delivered newly built modular Jack-Up Barge “Fugro Oceanus” to Fugro Middle East. “Fugro Oceanus” is a modular self-elevating drilling platform built under RINA classification and is designed to carry out marine soil investigation works related to dredging in coastal waters, ports and
Finnish wave energy developer Wello Oy is extending its testing programme at the European Marine Energy Centre (EMEC) in Orkney having signed a one year extension to their original contract. Their 1MW Penguin wave energy converter has been undergoing testing in Orkney since June 2011, and was first
Aberdeen-based subsea dredging and excavation specialist, X-Subsea UK Holding and its subsidiaries, have entered into Administration on April 27, 2015 following the collapse of wider Norwegian-based parent group. The company informed that Alexander Iain Fraser and Thomas Campbell MacLennan from FRP
Koninklijke Smals, a Dutch company involved in hydraulic and civil-engineering works, has released a video about their environmental dredging project in Delfzijl. This dredging program included removal of mercury contaminated silt from Eemskanaal and Oosterhornkanaal. To accomplish this task, Smals
German web hosting company and data center operator, Hetzner Online, is investing in a 1,100 km long deep sea cable from Rostock to the capital of Finland, Helsinki. The fiber-optic link is expected to be put into operation in the spring of 2016. Preparations for cable system implementation have sta
